Subsea 7 awarded contract in the North Sea

Luxembourg - February 16, 2012 - Subsea 7 S.A. (Oslo
Børs: SUBC) announced today the award of a SURF
contract valued at approximately $80 million from
Statoil on Svalin C Field, situated in the central
part of the North Sea, six kilometres southwest of
the Grane Field.

The contract scope includes the transport and
installation of a 4 slot Integrated Template
Structure (ITS) at the Svalin C Field, installation
of a 6km 12'' production flowline and a 6km 5''x8''
Pipe In Pipe gas lift flowline connecting the Svalin
Field to the Grane Field.

Further the scope includes procurement, transport and
installation of a 6km subsea control umbilical
between the Svalin C Field and the Grane Field,
installation of manifold, spools, protection covers,
tie-in and pre-commissioning activities and other
associated services.

Engineering and project management will commence
immediately, with offshore operations due to commence
in the second quarter of 2013 utilising a number of
Subsea 7's pipelay and construction vessels. Rigid
flowlines will be fabricated at Subsea 7's state of
the art spool base facility at Vigra on the West
Coast of Norway.

Stuart Fitzgerald, Subsea 7's Vice President, Norway
said: "We are very pleased to be awarded this
contract by Statoil. This is an important project for
Subsea 7, incorporating pipe in pipe technology and
demonstrating our expertise in delivery of complex
projects to the highest standards."


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Subsea 7 S.A. is a seabed-to-surface engineering,
construction and services contractor to the offshore
energy industry worldwide. We provide integrated
services, and we plan, design and deliver complex
projects in harsh and challenging environments.
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Contact:
Karen Menzel
Subsea 7 S.A.
+44 (0)20 8210 5568
karen.menzel@subsea7.com
www.subsea7.com

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